About Bank of Maharashtra Personal Loan in Chennai

Chennai is one of the biggest centres of education, culture and diversity in the southern part of India. Being highly influenced by the Portuguese culture, Chennai is a very prosperous city with a rich historical background. Bank of Maharashtra and the city of Chennai have had a prolonged association. The vision of bank of Maharashtra has seen success majorly in this city with a good customer base. Over the years, bank of Maharashtra Personal Loan has become one of the favourite financial products of the people of Chennai. Keep reading to know more about it!

Bank of Maharashtra Personal Loan in Chennai at a glance

Eligibility Criteria

The applicant must be in the age bracket of 21 years to 60 years.

Salaried individuals who are existing housing loan borrowers can apply.

Those with a corporate salary account holders and a minimum of 2 years of employment history can apply. They must have completed at least 1year in the current organization and must have a minimum of 1 year long relationship with the bank.

Net income of salaried individuals who are existing housing loan borrowers should be at least ₹2.5 lakhs. ITR/Form 16 for the past 2 years from the employer is compulsory.

Net income of those holding a corporate salary account should be at least ₹3 lakhs. ITR/Form 16 for the past 2 years from the employer is required.

The employee should have a salary account with the bank.

The minimum net salary is expected to be more than 25% or ₹ 10,000/- per month, whichever is higher.

Disclaimer: MMPL does not sell any loans on our own and do not charge any fee from any customers/viewers. We advise customers/viewers to choose from best offers from Banks and its advertisers. We do not guarantee any loans as loan sanction is as per Banks and Nbfcs. We suggest all users to never pay any upfront amount for any loan disbursal and if any person who call you as representative of MMPL and ask for any amount report the incident immediately via putting us a mail at [email protected]Read More